CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center, cloud access and interconnection solutions to a growing customer ecosystem across eight key North American markets.
CoreSite Realty Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$149.59|
|52 Week High||US$107.23|
|52 Week Low||US$155.40|
|1 Month Change||1.99%|
|3 Month Change||12.99%|
|1 Year Change||27.00%|
|3 Year Change||29.10%|
|5 Year Change||93.09%|
|Change since IPO||834.35%|
Recent News & Updates
CoreSite Realty: A Lofty Firm But Not A Bad Prospect
CoreSite Realty has done well to grow its business over the past several years, including through the COVID-19 pandemic. The business is likely to fare well in the long run and will probably deliver good value to investors. Shares do look lofty, but for patient investors, it's not a bad prospect by any means.
|COR||US REITs||US Market|
Return vs Industry: COR underperformed the US REITs industry which returned 32.5% over the past year.
Return vs Market: COR underperformed the US Market which returned 33.8% over the past year.
Stable Share Price: COR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: COR's weekly volatility (3%) has been stable over the past year.
About the Company
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center, cloud access and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,375 of the world’s leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 460+ dedicated employees consistently deliver unmatched data center options — all of which leads to a best-in-class customer experience and lasting relationships.
Is CoreSite Realty undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: COR ($149.59) is trading below our estimate of fair value ($187.31)
Significantly Below Fair Value: COR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: COR is poor value based on its PE Ratio (83.2x) compared to the US REITs industry average (50.1x).
PE vs Market: COR is poor value based on its PE Ratio (83.2x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: COR is poor value based on its PEG Ratio (5.1x)
Price to Book Ratio
PB vs Industry: COR is overvalued based on its PB Ratio (374.8x) compared to the US REITs industry average (2x).
How is CoreSite Realty forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COR's forecast earnings growth (16.3% per year) is above the savings rate (2%).
Earnings vs Market: COR's earnings (16.3% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: COR's earnings are forecast to grow, but not significantly.
Revenue vs Market: COR's revenue (7.6% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: COR's revenue (7.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: COR's Return on Equity is forecast to be very high in 3 years time (464.2%).
How has CoreSite Realty performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COR has high quality earnings.
Growing Profit Margin: COR's current net profit margins (14%) are higher than last year (12.8%).
Past Earnings Growth Analysis
Earnings Trend: COR's earnings have grown by 11.1% per year over the past 5 years.
Accelerating Growth: COR's earnings growth over the past year (17%) exceeds its 5-year average (11.1% per year).
Earnings vs Industry: COR earnings growth over the past year (17%) exceeded the REITs industry 3.9%.
Return on Equity
High ROE: Whilst COR's Return on Equity (461.9%) is outstanding, this metric is skewed due to their high level of debt.
How is CoreSite Realty's financial position?
Financial Position Analysis
Short Term Liabilities: COR's short term assets ($83.8M) do not cover its short term liabilities ($149.8M).
Long Term Liabilities: COR's short term assets ($83.8M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: COR's debt to equity ratio (8146.2%) is considered high.
Reducing Debt: COR's debt to equity ratio has increased from 81.8% to 8146.2% over the past 5 years.
Debt Coverage: COR's debt is not well covered by operating cash flow (15.8%).
Interest Coverage: COR's interest payments on its debt are well covered by EBIT (3x coverage).
What is CoreSite Realty current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: COR's dividend (3.4%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: COR's dividend (3.4%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: COR's dividends per share have been stable in the past 10 years.
Growing Dividend: COR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (88.5%), COR's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: COR's dividends in 3 years are forecast to be covered by earnings (88.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul Szurek (60 yo)
Mr. Paul E. Szurek has been Chief Executive Officer and President of CoreSite Realty Corporation since September 10, 2016. Mr. Szurek served as the Chief Financial Officer of Biltmore Farms, LLC since 2003...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD5.86M) is about average for companies of similar size in the US market ($USD6.43M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
Experienced Management: COR's management team is seasoned and experienced (5 years average tenure).
Experienced Board: COR's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: COR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CoreSite Realty Corporation's employee growth, exchange listings and data sources
- Name: CoreSite Realty Corporation
- Ticker: COR
- Exchange: NYSE
- Founded: 2010
- Industry: Specialized REITs
- Sector: Real Estate
- Implied Market Cap: US$7.318b
- Market Cap: US$6.613b
- Shares outstanding: 48.92m
- Website: https://www.CoreSite.com
Number of Employees
- CoreSite Realty Corporation
- 1001 17th Street
- Suite 500
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/19 22:06|
|End of Day Share Price||2021/09/17 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.